Under-pressure mail delivery firm DX Group PLC (LON:DX.) got some badly-need good news today, with the firm announcing a contract win worth more than £10mln a year to provide bespoke logistic services for beauty company Avon UK.
In early trading, DX shares jumped nearly 17% higher, up 1.5p to 10.5p.
The group said the contract, which is now underway, was awarded after a lengthy competitive tender process and is for an initial three-year term.
DX added that the win “underpins management's existing expectations of the Company's performance in the current financial year.”
The firm’s chief executive officer, Petar Cvetkovic said: "We are pleased to have secured this major new contract with Avon UK.
“The bespoke logistics solution we have designed for Avon reflects our customer-centric approach and highlights the 'OneDX' capability.
“Our services are now underway and should provide for more efficient and flexible deliveries and ultimately an improved customer experience."